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Exhibit 99.1 Energy Services of America Announces Financial Results for the Three and Nine Months Ended June 30 , 2021 Huntington , WV August 16 , 2021- Energy Services of America Corporation ( the " Company " or " Energy Services " ) ( OTC QB : ESOA ) announced financial results for the three and nine months ended June 30 , 2021. Energy Services generated revenues of $ 25.3 million and $ 82.9 million for the three and nine months ended June 30 , 2021 , respectively . Net income available to common shareholders was $ 9.2 million and $ 7.1 million with an adjusted EBITDA of $ 731,626 and $ 264,309 for the three and nine months ended June 30 , 2021 , respectively . Forgiveness on PPP loans accounted for $ 9.8 million in nonoperating income for the three and nine months ended June 30 , 2021. Gross profit percentage increased from 9.2 % to 10.7 % and from 7.0 % to 9.0 % for the three and nine months ended June 30 , 2021 , as compared to 2020 , respectively . Douglas Reynolds , President , commented on the announcement . “ Our increased focus on both organic and inorganic growth in gas and water distribution services led to year - over - year improvement in revenue and gross profit in these areas when compared to the same periods in 2020. However , offsetting these gains , we saw a decrease in the demand for our gas and petroleum transmission services due to fewer transmission projects available to bid along with greater competition . " Reynolds continued , " We expect our efforts to increase distribution revenues and profit along with modest improvement in transmission awards and expanded electrical , mechanical , and general construction services to result in improved results in our fiscal fourth quarter . Our backlog at June 30 , 2021 , was $ 73.1 million as compared to $ 61.2 million at March 31 , 2021 , with an additional $ 13.0 million in general construction contracts awarded subsequent to June 30 , 2021. ” Below is a comparison of the Company's unaudited operating results for the three and nine months ended June 30 , 2021 , and 2020 : Revenue Cost of revenues Gross profit Three Months Ended June 30 , 2021 Three Months Ended June 30 , 2020 Nine Months Ended June 30 , 2021 Nine Months Ended June 30 , 2020 $ 25,285,951 $ 30,762,725 $ 82,901,159 $ 74,678,432 22,580,340 27,936,548 75,478,966 69,425,044 2,705,611 2,826,177 7,422,193 5,253,388 3,207,864 2,532,141 10,627,607 ( 502,253 ) 294,036 ( 3,205,414 ) 7,473,422 ( 2,220,034 ) Selling and administrative expenses ( Loss ) income from operations Other nonoperating income ( expense ) Interest income 108 83 151,877 53,332 PPP loan forgiveness 9,799,100 9,799,100 Other nonoperating expense ( 35,833 ) ( 53,793 ) ( 121,343 ) ( 130,472 ) Interest expense ( 136,995 ) ( 101,335 ) ( 356,505 ) ( 400,197 ) Gain on sale of equipment 135,269 43,296 627,580 563,062 9,761,649 ( 111,749 ) 10,100,709 85,725 Income ( loss ) before income taxes 9,259,396 182,287 6,895,295 ( 2,134,309 ) Income tax ( benefit ) expense ( 53,844 ) 200,242 ( 458,812 ) ( 347,629 ) Net income ( loss ) 9,313,240 ( 17,955 ) 7,354,107 ( 1,786,680 ) Dividends on preferred stock 77,250 77,250 231,750 231,750 Income ( loss ) available to common shareholders $ 9,235,990 $ ( 95,205 ) $ 7,122,357 $ ( 2,018,430 ) Weighted average shares outstanding - basic 13,621,406 13,627,293 13,621,406 13,844,340 Weighted average shares - diluted 17,089,722 13,627,293 17,089,722 13,844,340 Earnings ( loss ) per share available to common shareholders $ 0.678 $ ( 0.007 ) $ 0.523 $ ( 0.146 ) Earnings ( loss ) per share - diluted available to common shareholders $ 0.540 $ ( 0.007 ) $ 0.417 $ ( 0.146 )